Opening Orders - 2008

Oh, BTW guys...Chicago for sure (I'll know next week for Boston and NYC)....I'm bringing my Programming guys with me to Chicago...really cool opening programs to demonstrate to any who want to see it (MoC and intraday stuff too)....just FYI in case anyone wants to join us.


Don
 
I am sorry if my post was misleading, but i am looking for more information than just opening fill and slippage (though of the up most importance). Plus with the amount of candidates that are showing up daily, i do not have the capital to buy 100 shares of each stock (today would have taken 87k). Though i had contemplated trying 1 share to see what my results would be :) .

Part of my reasoning to do this is so that i can make a portfolio with a business/trading plan and a system with *results* to demonstrate my problem solving, system analysis, and programming abilities. Hopefully leading to future endeavors with investors, hedge funds or prop firms.


Quote from DonKee:

Why not just trade it using 100 shares? It would be very hard to lose much money in the aggregate on 100 share lots.

That will give you a realistic "feel". Paper trading this strategy may lead to a false sense of either security or anxiety that may be completely unfounded in reality.
More...
 
Had trouble with a feat of my spreadsheet so I didn't make the final adjusments that I usually do. Went for it anyways!
Player the envelope a little tighter, got filled on my 3rd layer for the first time.
7 fills, all winners, 5 shorts, 2 longs. Average of 0.06 per share, 1200 shares total. With 100 shares trades my broker is taking a fat 27% of it! Greasy.
 
As of right now I dont use/have the ArcaBook and NYSE open book. Do you guys find it necessary/usefull or some of you operate without it?
I have difficulty just to look at a chart and I can't imagine what it would be like having 4-5 fills and looking at all that. I guess I should have waste more time playing video games earlier in my life :eek:
Focus on the red numbers I guess?
 
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